Cerence (CRNC)
Market Price (2/6/2026): $7.5 | Market Cap: $337.1 MilSector: Information Technology | Industry: Application Software
Cerence (CRNC)
Market Price (2/6/2026): $7.5Market Cap: $337.1 MilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29% | Weak multi-year price returns2Y Excs Rtn is -101%, 3Y Excs Rtn is -136% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 1,027x |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49% | Key risksCRNC key risks include [1] a significant convertible debt maturing in June 2025 straining its financial position, Show more. | |
| Attractive yieldFCF Yield is 22% | ||
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Software Platforms, Edge AI, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -49% |
| Attractive yieldFCF Yield is 22% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Software Platforms, Edge AI, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -101%, 3Y Excs Rtn is -136% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 1,027x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% |
| Key risksCRNC key risks include [1] a significant convertible debt maturing in June 2025 straining its financial position, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significantly Lower Q2 Fiscal Year 2026 Revenue Guidance Following One-Time Q1 Boost. While Cerence's Q1 FY26 revenue of $115.1 million exceeded expectations, largely due to a non-recurring $49.5 million patent license payment from Samsung, the subsequent Q2 FY26 revenue guidance was projected to be significantly lower, between $58 million and $62 million. This sharp anticipated decline in the absence of the one-time payment likely raised concerns among investors regarding the sustainable organic growth trajectory of the company's core technology business.
2. Persistent GAAP Net Losses Despite Improved Operational Metrics. Despite reporting a narrowed GAAP net loss of $5.2 million, or -$0.12 per share, for Q1 FY26 and increased adjusted EBITDA, the company continued to operate at a GAAP net loss. This sustained unprofitability, even with the benefit of a substantial patent licensing fee, may have contributed to investor apprehension about the company's long-term financial health and ability to achieve consistent GAAP profitability.
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Stock Movement Drivers
Fundamental Drivers
The -28.7% change in CRNC stock from 10/31/2025 to 2/5/2026 was primarily driven by a -42.3% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.73 | 7.65 | -28.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 246 | 316 | 28.5% |
| P/S Multiple | 1.9 | 1.1 | -42.3% |
| Shares Outstanding (Mil) | 43 | 45 | -3.8% |
| Cumulative Contribution | -28.7% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| CRNC | -28.7% | |
| Market (SPY) | -0.7% | 29.3% |
| Sector (XLK) | -9.8% | 25.5% |
Fundamental Drivers
The -11.0% change in CRNC stock from 7/31/2025 to 2/5/2026 was primarily driven by a -25.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.60 | 7.65 | -11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 254 | 316 | 24.3% |
| P/S Multiple | 1.5 | 1.1 | -25.6% |
| Shares Outstanding (Mil) | 43 | 45 | -3.8% |
| Cumulative Contribution | -11.0% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| CRNC | -11.0% | |
| Market (SPY) | 7.5% | 38.0% |
| Sector (XLK) | 3.4% | 29.0% |
Fundamental Drivers
The -38.6% change in CRNC stock from 1/31/2025 to 2/5/2026 was primarily driven by a -30.8% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.46 | 7.65 | -38.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 332 | 316 | -4.7% |
| P/S Multiple | 1.6 | 1.1 | -30.8% |
| Shares Outstanding (Mil) | 42 | 45 | -6.9% |
| Cumulative Contribution | -38.6% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| CRNC | -38.6% | |
| Market (SPY) | 13.6% | 48.4% |
| Sector (XLK) | 18.1% | 47.3% |
Fundamental Drivers
The -68.8% change in CRNC stock from 1/31/2023 to 2/5/2026 was primarily driven by a -63.1% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.52 | 7.65 | -68.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 328 | 316 | -3.6% |
| P/S Multiple | 2.9 | 1.1 | -63.1% |
| Shares Outstanding (Mil) | 39 | 45 | -12.3% |
| Cumulative Contribution | -68.8% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| CRNC | -68.8% | |
| Market (SPY) | 72.9% | 28.0% |
| Sector (XLK) | 103.6% | 27.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CRNC Return | -24% | -76% | 6% | -60% | 36% | 1% | -89% |
| Peers Return | -8% | -34% | -15% | 89% | -56% | -11% | -61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| CRNC Win Rate | 58% | 33% | 58% | 50% | 50% | 50% | |
| Peers Win Rate | 50% | 25% | 52% | 78% | 38% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CRNC Max Drawdown | -31% | -82% | -20% | -88% | -12% | -3% | |
| Peers Max Drawdown | -18% | -42% | -36% | -7% | -66% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, KNRX, RPGL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/5/2026 (YTD)
How Low Can It Go
| Event | CRNC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -89.4% | -25.4% |
| % Gain to Breakeven | 846.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.5% | -33.9% |
| % Gain to Breakeven | 98.1% | 51.3% |
| Time to Breakeven | 62 days | 148 days |
Compare to ADSK, HIT, BMR, KNRX, RPGL
In The Past
Cerence's stock fell -89.4% during the 2022 Inflation Shock from a high on 2/12/2021. A -89.4% loss requires a 846.3% gain to breakeven.
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About Cerence (CRNC)
AI Analysis | Feedback
- The "Alexa for cars," providing the voice AI technology for auto manufacturers.
- Like Mobileye for in-car voice AI, supplying automakers with their intelligent assistants.
AI Analysis | Feedback
- Cerence Drive: Provides AI-powered voice assistant and conversational AI capabilities specifically designed for automotive environments, enabling intuitive human-machine interaction within vehicles.
- Cerence Mix: A cloud-based platform that allows automotive manufacturers to develop, customize, and deploy unique, branded in-car voice and conversational AI experiences.
- Cerence Connect: Offers cloud-based services that integrate real-time digital content and information, such as navigation, weather, and streaming media, into the vehicle's user experience.
AI Analysis | Feedback
Cerence (CRNC) sells primarily to other companies, specifically global automotive manufacturers (Original Equipment Manufacturers or OEMs). The company provides AI-powered conversational and interactive technologies for in-car experiences. While Cerence's 10-K filings often state that no single customer accounts for 10% or more of its total revenue, its major customers are leading automotive brands that integrate Cerence's technology into their vehicles, making them significant partners in terms of market reach and strategic importance.
Major customers include (but are not limited to):
- Mercedes-Benz Group AG (Frankfurt: MBG, OTC: MBGAF)
- BMW Group (OTC: BMWYY, Frankfurt: BMW.DE)
- Ford Motor Company (NYSE: F)
- General Motors Company (NYSE: GM)
- Volkswagen AG (OTC: VWAGY, Frankfurt: VOW3.DE)
- Stellantis N.V. (NYSE: STLA)
- Toyota Motor Corporation (NYSE: TM)
- Hyundai Motor Company (OTC: HYMTF, KRX: 005380)
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- Amazon.com, Inc. (AMZN)
AI Analysis | Feedback
Brian Krzanich, President and Chief Executive Officer
Brian Krzanich joined Cerence AI in October 2024. He previously served as CEO of CDK Global Inc. from 2018 to 2022, where he led the company through a successful sale to Brookfield Business Partners for $8.3 billion. Prior to that, he spent 36 years at Intel, including his tenure as CEO from 2013 to 2018, during which he guided Intel into new areas such as cloud computing, artificial intelligence, and autonomous driving, increasing revenue from $52 billion to over $70 billion.
Antonio Rodriquez, Executive Vice President, Chief Financial Officer
Antonio Rodriquez is responsible for the management and oversight of Cerence AI's finance organization. He previously served as a partner of CSuite Financial Partners, where he held the role of Chief Financial Officer of The Bouqs Company from 2019 to 2023. He was also the interim Chief Financial Officer of Cerence AI from June 2024, before becoming an employee on November 29, 2024. With over 25 years of experience, he has served as a financial leader for both public and private global companies across industries including eCommerce, SaaS, advertising media, and consumer marketing. Before joining CSuite Financial Partners, he was the Chief Financial Officer of TouchCommerce Inc. from 2010 to 2018, and he began his career at KPMG LLP.
Jennifer Salinas, Executive Vice President, Chief Administrative Officer & General Counsel
As Executive Vice President & Chief Administrative Officer, Jennifer Salinas oversees Cerence AI's day-to-day administrative activities and corporate operations, including strategic planning, defining and tracking company objectives, advancing policy and process improvement, and leading the company's transformation efforts. She also leads Cerence AI's legal team as the General Counsel and the Global Technology Services organization. Her background includes over 25 years of experience, including ten years as a Partner at several prominent law firms. Ms. Salinas is the former President of the Hispanic National Bar Association.
Nils Schanz, Executive Vice President, Product & Technology
As Executive Vice President, Product & Technology, Nils Schanz leads Cerence AI's global technology, engineering, and product development organization. He is responsible for driving alignment across innovation, product, and customer delivery to position Cerence AI to meet current and future customer needs.
Christian Mentz, Executive Vice President, Chief Revenue Officer
Christian Mentz is a seasoned automotive technology executive who joined Cerence AI from Amazon, where he most recently led Global Business Development and Marketing for Amazon Smart Vehicles. In that role, he was responsible for commercial operations and go-to-market strategies for a wide range of automotive digital cabin products and services. Previously, Mr. Mentz held progressing automotive sales leadership roles at Nuance Communications, including Vice President - Automotive Sales & Sales Engineering.
AI Analysis | Feedback
The key risks to Cerence's business include:
-
Vulnerable Financial Position and Debt: Cerence faces a significant risk due to its vulnerable financial position, particularly a $90 million convertible debt maturing in June 2025. While the company anticipates generating sufficient free cash flow to cover this debt, its overall debt load, characterized by a weak interest cover and a high net debt to EBITDA ratio, remains a concern. This debt could limit financial flexibility and increase vulnerability to economic downturns.
-
Dependence on New Vehicle Sales and Macroeconomic Conditions: Cerence's revenue generation is heavily reliant on new vehicle sales, making it susceptible to fluctuations within the broader macroeconomic environment and the automotive industry. Adverse economic conditions, such as high interest rates and credit availability, can lead to production delays and slowdowns in the automotive sector, directly impacting Cerence's business.
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Highly Competitive and Rapidly Changing Market, and Technology/Innovation Risks: Cerence operates in a highly competitive and rapidly evolving market. The company faces ongoing challenges in quickly adapting to technological advancements, developing its intellectual property into commercially viable products, and addressing potential software defects. "Tech & Innovation" is consistently identified as a significant risk category for the company.
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The following clear emerging threats have been identified for Cerence (CRNC):
- Deepening Integration of Major Tech Platforms' Native Voice AI: The increasing adoption of Google's Android Automotive OS, which often features deeply integrated Google Assistant as the primary in-car voice interface, poses a direct threat. Similarly, Apple's expanded CarPlay initiative (often referred to as CarPlay 2.0), aiming for deeper vehicle integration including instrument clusters and vehicle controls, could elevate Siri's role as the default voice assistant for a broader range of in-car functions, potentially diminishing the need for third-party voice AI solutions.
- Automakers' In-housing of Software Development: A growing number of major automotive manufacturers are investing significantly in developing their own proprietary in-car operating systems and software stacks, including voice AI and conversational interfaces. This strategic move to insource critical software components, exemplified by initiatives from companies like Mercedes-Benz (MB.OS) and Volkswagen (Cariad), aims to reduce reliance on external suppliers and directly competes with Cerence's core offerings.
AI Analysis | Feedback
Cerence (CRNC) primarily focuses on AI-powered voice and conversational technologies for the automotive industry, including solutions for intelligent cockpits and virtual assistants.
The addressable markets for Cerence's main products and services are sized as follows:
- Global Conversational AI Market: This market was valued at approximately USD 15.5 billion in 2024 and is projected to reach around USD 132.86 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 23.97% between 2025 and 2034.
- U.S. Conversational AI Market: In the U.S., this market was estimated at USD 3.26 billion in 2024 and is expected to be worth around USD 28.57 billion by 2034, with a CAGR of 24.24% between 2025 and 2034.
- Global Virtual Assistants Market: The broader global virtual assistants market is projected to be worth USD 23.57 billion by 2033, with a CAGR of 22.3%.
- Global Automotive Intelligent Cockpit Platform Market: This market was valued at USD 8.1 billion in 2023 and is projected to grow at a CAGR of 12% between 2024 and 2032, reaching USD 21.5 billion by 2032.
- U.S. Automotive Intelligent Cockpit Platform Market: This market in the U.S. is expected to exceed USD 3 billion by 2032.
- Global Automotive Digital Cockpit Market: This market was estimated at USD 14.7 billion in 2018 and is projected to reach USD 35.9 billion by 2025, growing at a CAGR of 13.59%.
Cerence holds a strong position in the automotive voice AI market, with over 50% global market penetration, and over 70% when excluding China. In the smart speech solution market in China, Cerence held a 15.6% market share in Q1 2025.
AI Analysis | Feedback
Cerence Inc. (CRNC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion and Adoption of the xUI AI Platform: Cerence is seeing accelerating adoption of its xUI AI platform, which is a hybrid agentic AI assistant. The company has achieved major milestones with this platform, including market launches and signing several agreements with top automakers, indicating robust customer interest. This platform aims to deliver next-generation voice- and AI-powered user experiences, transforming how people interact with their vehicles and digital ecosystems.
- Growth in Connected Services and Recurring Revenue Models: The company is experiencing steady growth in its connected install base, leading to an increase in connected services revenue. There is a noted shift towards recurring and usage-based models, which is expected to contribute to revenue growth. This indicates a strategic move towards more stable and predictable revenue streams.
- Strategic Partnerships with Vehicle OEMs: Cerence emphasizes its strong market position and partnerships with vehicle OEMs to drive in-car experiences forward. These ongoing collaborations with leading automakers are crucial for embedding Cerence's technology into new vehicles.
- Expansion into New Automotive and Non-Automotive Markets: Cerence is actively expanding into new automotive and non-automotive sectors. Opportunities exist in new verticals such as retail, healthcare, and banking through the application of conversational AI. This diversification beyond its core automotive market presents new avenues for revenue generation.
- Increased Fixed License Contracts: The company's revenue guidance for fiscal year 2025 anticipates a significant contribution from new fixed licenses, planning for $20 million in new fixed licenses. This type of licensing involves revenue recognition upon contract signing, and strong interest in these contracts can provide substantial revenue boosts.
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Share Repurchases
- Cerence repurchased approximately $27 million of its 3.00% Convertible Senior Notes due 2025 in December 2024 at 98.5% of their principal amount.
- The company intends to pay off the remaining $60.5 million of these notes upon their maturity in June 2025 using existing cash.
- These repurchases aim to reduce interest expense, eliminate potential dilution from refinancing, and lower leverage.
Share Issuance
- Common shares outstanding increased from 38,538,050 as of November 9, 2021, to 42,827,789 as of November 13, 2024.
- Stock-based compensation expense, representing equity issued to employees, was approximately $19.291 million for the nine months ended June 30, 2024, and $20.047 million for the nine months ended June 30, 2025.
- The Cerence 2019 Equity Incentive Plan facilitates the grant of incentive stock options, stock awards, stock units, stock appreciation rights, and other stock-based awards.
Capital Expenditures
- Capital expenditures totaled approximately $3.550 million for the nine months ended June 30, 2024, and $11.353 million for the nine months ended June 30, 2025.
- The primary uses of cash for Cerence include costs of revenues, funding of research and development activities, and capital expenditures.
- The company's senior credit facilities include a covenant limiting aggregate capital expenditures to not more than $10 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Cerence Earnings Notes | 12/16/2025 | |
| Would You Still Hold Cerence Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.31 |
| Mkt Cap | 0.3 |
| Rev LTM | 316 |
| Op Inc LTM | 56 |
| FCF LTM | 75 |
| FCF 3Y Avg | 862 |
| CFO LTM | 90 |
| CFO 3Y Avg | 903 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 29.5% |
| Rev Chg 3Y Avg | 7.6% |
| Rev Chg Q | 90.4% |
| QoQ Delta Rev Chg LTM | 15.1% |
| Op Mgn LTM | 17.8% |
| Op Mgn 3Y Avg | 14.7% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 28.4% |
| CFO/Rev 3Y Avg | 21.6% |
| FCF/Rev LTM | 23.6% |
| FCF/Rev 3Y Avg | 19.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | 1.8 |
| P/EBIT | 28.1 |
| P/E | 45.6 |
| P/CFO | 23.5 |
| Total Yield | 2.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -27.6% |
| 3M Rtn | -35.7% |
| 6M Rtn | -49.6% |
| 12M Rtn | -63.1% |
| 3Y Rtn | -72.0% |
| 1M Excs Rtn | -25.5% |
| 3M Excs Rtn | -39.7% |
| 6M Excs Rtn | -56.3% |
| 12M Excs Rtn | -75.3% |
| 3Y Excs Rtn | -136.7% |
Price Behavior
| Market Price | $7.65 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 10/02/2019 | |
| Distance from 52W High | -53.6% | |
| 50 Days | 200 Days | |
| DMA Price | $11.42 | $10.36 |
| DMA Trend | up | up |
| Distance from DMA | -33.0% | -26.2% |
| 3M | 1YR | |
| Volatility | 101.5% | 96.6% |
| Downside Capture | 388.90 | 338.00 |
| Upside Capture | 258.73 | 242.92 |
| Correlation (SPY) | 15.6% | 48.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.66 | 2.82 | 1.64 | 2.81 | 2.36 | 2.45 |
| Up Beta | 0.34 | -2.08 | 0.45 | 2.57 | 2.12 | 2.77 |
| Down Beta | 2.91 | 2.43 | -0.24 | 2.06 | 2.01 | 2.05 |
| Up Capture | 336% | 465% | 363% | 532% | 673% | 1078% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 20 | 30 | 62 | 120 | 348 |
| Down Capture | 276% | 363% | 256% | 251% | 165% | 113% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 21 | 31 | 63 | 129 | 398 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRNC | |
|---|---|---|---|---|
| CRNC | -37.6% | 97.0% | -0.05 | - |
| Sector ETF (XLK) | 18.1% | 27.2% | 0.59 | 47.0% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 48.4% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | 6.6% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 15.9% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 30.0% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 26.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRNC | |
|---|---|---|---|---|
| CRNC | -41.7% | 113.4% | -0.06 | - |
| Sector ETF (XLK) | 16.9% | 24.7% | 0.62 | 31.6% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 31.7% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 4.5% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 5.4% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 22.6% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 16.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRNC | |
|---|---|---|---|---|
| CRNC | -6.9% | 108.1% | 0.31 | - |
| Sector ETF (XLK) | 22.5% | 24.2% | 0.85 | 31.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 31.7% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | 7.6% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 8.4% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 23.8% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 17.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/4/2026 | |||
| 11/19/2025 | 27.5% | 31.8% | 43.7% |
| 5/7/2025 | -12.2% | -4.3% | 1.8% |
| 2/6/2025 | 13.7% | 14.0% | -26.8% |
| 11/21/2024 | 106.7% | 137.2% | 172.0% |
| 8/8/2024 | 16.9% | 2.3% | 23.2% |
| 5/9/2024 | -34.3% | -49.3% | -68.2% |
| 2/6/2024 | -7.1% | -17.3% | -29.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 13 | 13 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 13.7% | 14.0% | 23.2% |
| Median Negative | -12.2% | -17.3% | -29.9% |
| Max Positive | 106.7% | 137.2% | 172.0% |
| Max Negative | -34.3% | -49.3% | -68.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/20/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/25/2024 | 10-K |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/29/2023 | 10-K |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-Q |
| 09/30/2022 | 11/29/2022 | 10-K |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Krzanich, Brian M | Chief Executive Officer | Direct | Sell | 10102025 | 11.46 | 132,075 | 1,513,381 | 10,381,252 | Form |
| 2 | Salinas, Jennifer | EVP Chief Admin Officer | Direct | Sell | 10072025 | 12.76 | 64,784 | 826,469 | 5,412,706 | Form |
| 3 | Salinas, Jennifer | EVP Chief Admin Officer | Direct | Sell | 10072025 | 12.31 | 77,994 | 960,278 | 4,263,579 | Form |
| 4 | Rodriquez, Antonio | CFO | Direct | Sell | 10072025 | 12.76 | 38,347 | 489,204 | 3,530,340 | Form |
| 5 | Mentz, Christian | EVP, Chief Revenue Officer | Direct | Sell | 10072025 | 12.76 | 26,872 | 342,814 | 1,427,223 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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